$BTC/USDT 1W (#Bybit) Big descending wedge on support
Updated
Bitcoin could reverse in the near future according to the RSI, as unlikely as it sounds, after properly retest the demand zone.
⚡️⚡️ #BTC/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (1.0X)
Amount: 9.1%
Current Price:
18910.0
Entry Zone:
18285.0 - 16184.0
Take-Profit Targets:
1) 22891.0
2) 27845.0
3) 33107.0
Stop Targets:
1) 13451.0
Published By: @Zblaba
Risk/Reward= 1:1.5 | 1:2.8 | 1:4.2
Expected Profit= +32.82% | +61.56% | +92.10%
Possible Loss= -21.95%
Fib. Retracement= 0.236 | 0.382 | 0.5
Margin Leverage= 1x
Estimated Gain-time= 8-10 months
Tags: #BTCUSDT #XBT #WBTC #BTCB #Blockchain #PoW #Mining #Satoshi
Website: bitcoin.org
Contracts:
#Mainnet
[...]
⚡️⚡️ #BTC/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (1.0X)
Amount: 9.1%
Current Price:
18910.0
Entry Zone:
18285.0 - 16184.0
Take-Profit Targets:
1) 22891.0
2) 27845.0
3) 33107.0
Stop Targets:
1) 13451.0
Published By: @Zblaba
Risk/Reward= 1:1.5 | 1:2.8 | 1:4.2
Expected Profit= +32.82% | +61.56% | +92.10%
Possible Loss= -21.95%
Fib. Retracement= 0.236 | 0.382 | 0.5
Margin Leverage= 1x
Estimated Gain-time= 8-10 months
Tags: #BTCUSDT #XBT #WBTC #BTCB #Blockchain #PoW #Mining #Satoshi
Website: bitcoin.org
Contracts:
#Mainnet
[...]
Note
Up +18.82% since calledBitcoin bounced back strong, unfortunately entry was not filled, at least not yet.
We still consider the possibility to revisit the demand zone, so set-up remains valid!
Trade active
1st entry filledBitcoin is pulling back to weekly demand zone after almost hitting TP1 last week.
Time to ladder down inside the buy range and remain extremely patient!
Trade closed: target reached
🎯TP1 reached with +1.5RBitcoin took its time to regain 20EMA (red) and finally hit first swing target.
Descending wedge has broken out & RSI as well, everything seems to look bullish now.
Good place to take partial profil anyway since a retracement towards 20k would be logical!
Trade closed: target reached
🎯TP2 reached with +61.6% (1x) and +2.8RBitcoin revisited sub 20k then went for 2nd target as planned, regaining 100EMA.
Final target remains valid, SL updated above entry to secure the trade!
Trade closed: target reached
ByBit USDT
BTCUSDT.P All take-profit targets achieved 😎Profit: 62.1612% 📈
Period: 13 Months 21 Days 5 Hours 11 Minutes ⏰
⚡️⚡️ #BTC/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (1.0X)
Amount: 9.1%
Entry Zone:
18285.0 - 16184.0 ✅
Take-Profit Targets:
1) 22891.0 ✅
2) 27845.0 ✅
3) 33107.0 ✅
Published By: @Zblaba
🎯#BTCUSDT 1W (#Bybit) TP3 reached with +4.2R
BTC finally went for final target after missing it in July, who would have thought a year ago when we were at 16k?No time to get over excited though, RSI is pretty high and we'll probably see a retracement down soon, trade is fully closed!
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